This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ViaSat Exede Internet Receives 2013 Edison Award For Innovation

Stock quotes in this article: VSAT

CARLSBAD, Calif., April 29, 2013 /PRNewswire/ -- Exede® Internet by ViaSat (NASDAQ: VSAT) earned a 2013 Edison award from the internationally renowned Edison Universe organization, which recognizes systems and services that are at the forefront of innovation. Exede service is the recipient of a bronze award in the IT/Computing category. With download speeds of 12 Mbps, Exede service has transformed satellite Internet for households that previously had slow, inadequate Internet service.

(Logo: http://photos.prnewswire.com/prnh/20091216/VIASATLOGO)

The Edison Award is one of the highest accolades a company can receive in the name of innovation and business. The awards are named after Thomas Alva Edison (1847-1931) whose inventions, new product development methods, and innovation achievements literally changed the world, garnered him 1,093 U.S. patents, and made him a household name around the world.

"Our judges recognized Exede Internet as a true innovator out of the many products in its category," said Frank Bonafilia, executive director of the Edison awards.

The award is the third major recognition the Exede service has received this year for innovation and performance. A February 2013 FCC benchmark report showed Exede Internet outperforming all other ISPs in delivering promised speeds to subscribers, with 90 percent of Exede subscribers receiving 140 percent or better of the advertised 12 Mbps speed during peak periods. In March, ViaSat-1, the satellite that powers the Exede service, was officially recognized with a Guinness World Records title as the World's Highest Capacity Communications Satellite.

"The Edison award is especially meaningful to us because of Thomas Edison's legacy," said Mark Dankberg, chairman and CEO of ViaSat. "Edison's inventions were rooted in his ability to identify market needs years into the future, to challenge conventional thinking, and to work with enormous focus and passion. These values are also central to our ability to innovate."

Dankberg and a team of scientists and engineers were able to envision and design a new high-capacity system for high-speed Internet service. Rather than just building a better satellite, they examined every "point of improvement" for an end-to-end system – encompassing satellite, subscriber terminals, RF equipment, gateway earth stations, software, back office and support, terrestrial backbone, and overall system architecture – to create speed, performance and economics well beyond what was ever believed possible.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,042.90 -28.32 -0.17%
S&P 500 1,972.29 -5.51 -0.28%
NASDAQ 4,493.39 -12.4620 -0.28%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs